- Wisconsin’s Department of Transportation’s State Infrastructure Bank Program is a revolving loan program available to communities to preserve, promote, and encourage economic development via efficiency and safety in public transportation initiatives. SIB loans carry lower than market rate interest, longer payback periods, and may be used in conjunction with other programs or to finance a project entirely. Counties, cities, villages, and towns may apply on a first come, first serve basis for projects improving access to nearby industrial sites, or improvements to, and construction of, roads and bridges.
- Wisconsin”s Department of Transportation’s Transportation Economic Assistance (TEA) program provides matching state grants to governing bodies for road, rail, harbor and airport projects that help attract attract employers to Wisconsin, or encourage business and industry to remain and expand in the state.
- Wisconsin Business Development Tax Credit Program offers a refundable tax credits to reduce the eligible businesses’ income tax liability for newly created jobs equal up to 10% of annual wages paid to employees earning at least 150% of the federal minimum wage, may cover up to 50% of eligible job training costs, up to 3% of capital investment in business personal property (5% in real property), and up to 10%. of annual wages for positions created or retained at corporate headquarters.
- Wisconsin Enterprise Zone Program awards refundable tax credits up to 7% of annual wages for newly created jobs, up to 100% of job-training costs, up to 10% for capital expenditures, and up to 1% of supply chain expenses for up to 12 years to eligible companies for job creation, job retention, capital investment, and training to reduce state income tax liability or provide a refund in locally designated EZs designated on a case-by-case basis.
- Wisconsin Tax Increment Financing permits a local government to define a Tax Increment District (TID), the entity identifies projects to encourage desired development, as property values rise, the municipality uses the property tax above a frozen base to pay for the identified public improvement projects until the project costs are paid and the TID is closed.
